The Federal Reserve has reduced its benchmark interest rate by 25 basis points, setting it at 3.50%-3.75%. This move comes amid ongoing economic adjustments. In a significant transaction, BlackRock deposited 2,196 Bitcoin, valued at $202.76 million, into Coinbase, highlighting continued institutional interest in cryptocurrency. Additionally, the Commodity Futures Trading Commission (CFTC) has recognized Bitcoin as acceptable collateral, marking a notable regulatory development. Meanwhile, the Japanese Financial Services Agency is considering bringing crypto assets under the Financial Instruments and Exchange Act. In other news, gold prices rose by $16 to $4,205.23 per ounce, and Trump criticized the Fed's rate cut while interviewing potential replacements for Chair Powell.